ML-Implode News - Mexico ready to discuss NAFTA; But Puts "Nuclear Option" On Table (IT'S UNLIKELY)

Speaking on condition of anonymity, two Mexican government officials and four other people familiar with ongoing discussions said Mexico saw rules of origin as an important avenue to brokering a deal with Trump, provided a fair compromise can be reached.
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Under NAFTA, 62.5 percent of the material in a car or light truck made in Mexico must be from North America to be able to enter the United States tariff free. If the countries agree in negotiations, that percentage could be increased, potentially giving an advantage to U.S. industry at the expense of Asian competitors.
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The NAFTA rules are in place to prevent China or other lower wage countries from being able to produce the majority of content in a vehicle and export it to another country to assemble it without paying tariffs.

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Mexico ready to discuss NAFTA; But Puts "Nuclear Option" On Table (IT'S UNLIKELY)